Jefferies lowers PT, earnings estimates on Australia's Tyro Payments

Tyro Payments

15/10/2024 20:11

** Analysts at Jefferies cut price target on Australia's
Tyro Payments  TYR.AX  to A$1.4 from A$1.7
    ** Lowers FY25-27 revenue expectations by 1-3% and cuts net
profit after-tax estimates by 6-11%
    ** Brokerage lowers PT and estimates reflecting the
heightened regulatory risk environment after the Australian
government's review of debit surcharging
    ** However, Jefferies says Tyro is well-placed to weather
any regulatory changes from debit surcharging being proposed by
the government
    ** Brokerage retains "buy" rating on stock 
    ** As of last close, stock down 27.2% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))